Cash gift will not fall within the ambit of clubing provision.
@ Subhash : there is no cash involved.
Salary (Cash or funds a current asset) are being transferred. That is the gift .
Therefore income from that gift is taxable.
Prev 1 2 Next
Your are not logged in . Please login to post replies Click here to Login / Register
More recent discussions | Post
ADY & CO.
New Delhi
Graduate (Any)
Zerdi & Co. Chartered Accountants
Pune
B.Com
Shyam S Gupta and Company
CA Inter
Rize.farm
Bengaluru
Krea University
Chennai
CA
RRPM & Associates LLP
Arpan Bohra & Co
Hyderabad
Continental Belting Pvt Ltd
Mumbai
India's largest network for finance professionals
Alternatively, you can log in using: